Funding arb · Price arb /

SKHY

RWAall SKHY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h 0.000%

Price spread now: Coinbase International against Binance−0.513%7-day average +0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.625%+$62 · spread now −0.513%, 7d avg +0.144%

Together, before fees+0.531%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.657% cheaper against Binance than usual: you would sell low and buy high (spread −0.513% now, against its 7-day average of +0.144%). If the spread goes back, that is −$66 on $10k: about 31 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKHYUSDT	184.74	−0.0047	get 0.0047% / 8h	7h 20m	$195.8M	$464.9M	50x
Short	Coinbase International SKHY-PERP-INTX	183.79	0.0024	get 0.0003% / 1h	20m 43s	$66K	$752K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.513%Rate

Funding earned: $15
Price spread: −0.513% → +0.144%: −$65.72
Slippage, 4 orders: −$17.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$88.29
Costs to cover: 0.376%
Break-even: 48.2 days

Slippage from Binance: live order book, 8 min ago; Coinbase International: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 8 min ago	0.27 bp	5.5 bp −$6	7.5 bp −$75	24.2 bp −$2,420	doesn't fit
Sell Coinbase International live order book, 13 min ago	7.32 bp	14.0 bp −$14	21.7 bp −$217	doesn't fit	doesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKHYUSDT	−0.1152%	8h	184.87	+0.072%	$25.4M	$35.1M	20x	as long as short
KuCoin SKHYUSDTM	−0.0246%	8h	184.56	−0.096%	$1.1M	$375K	20x	as long as short
edgeX SKHYUSDC	−0.0224%	4h	184.38	−0.191%	$556K	$290K	10x	as long as short
GRVT SKHY_USDT_Perp	−0.0198%	8h	184.46	−0.150%	$22K	$246K	10x	as long as short
Extended SKHY-USD	−0.0056%	1h	184.70	−0.022%	$53K	$7K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0052%	1h	184.63	−0.058%	$156.4M	$77.9M	10x	as long as short
Binance SKHYUSDTlong	−0.0047%	8h	184.74	long leg	$195.8M	$464.9M	50x
Nado SKHY-PERP	−0.0034%	1h	184.73	−0.002%	$32K	$28K	10x	as long as short
QFEX SKHY-USD	−0.0028%	1h	184.77	+0.018%	$1.2M	$4.3M	10x	as long as short
Variational Omni SKHY	−0.0022%	8h	184.84	+0.055%	$1.6M	$1.0M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	184.52	−0.115%	$265K	$951K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	184.74	+0.001%	$16.0M	$33.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	184.82	+0.045%	$43.7M	$81.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	184.73	−0.004%	$25.6M	$21.8M	75x	as long as short
SunX SKHY-USDT	0.0000%	8h	185.09	+0.191%	$677	$5.9M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	184.83	+0.050%	$47K	$354K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	184.77	+0.018%	$153K	$375K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	184.83	+0.050%	$1.5M	$1.1M	10x	as long as short
Coinbase International SKHY-PERP-INTXshort	+0.0024%	1h	183.79	−0.513%	$66K	$752K	10x
Lighter SKHY	+0.0032%	1h	184.59	−0.080%	$980K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	184.67	−0.037%	$1.1M	$1.5M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0039%	1h	184.81	+0.039%	$510K	$2.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	184.70	−0.020%	$59K	$173K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	184.65	−0.047%	—	$38K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	184.76	+0.012%	$199K	$295K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	184.77	+0.018%	$179K	$451K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	184.66	−0.042%	$41K	$12K	10x	as long as short
BloFin SKHY-USDT	+0.0067%	8h	184.83	+0.050%	$2.1M	$446K	50x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	184.63	−0.058%	$2K	$4K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0171%	1h	184.89	+0.083%	$48K	$20K	20x	as long as short
Phoenix SKHY	+0.0215%	1h	184.57	−0.091%	$207K	$123K	10x	as long as short